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U.S. Hits Lowest Trade Deficit in Three Years After Decrease in Chinese Imports
submitted 4 years ago by Chipit from legalinsurrection.com
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[–][deleted] 4 years ago (1 child)
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[–]Chipit[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 0 fun5 insightful - 1 fun - 4 years ago (0 children)
When the US and other developed countries sent all out manufacturing to China, etc, the economists all assured us that this would improve global efficiency, and create new high-paying jobs for the former factory workers. But this did not happen. The elite in the US have reaped all the gains, and people who once had high-paying blue-collar jobs have lost their homes and are now driving an Uber and hoping to make minimum wage. Middle America (working class) has been screwed over by globalisation.
For the new, globally minded progressives, the mere well-being of American workers is not a good enough reason to oppose immigration or trade liberalization. It's an argument that today's progressive globalists have borrowed from libertarians: immigration or trade that depresses the wages of Americans is still justified if it makes immigrants or foreign workers better off. In other words, fuck you, working class.
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[–]Chipit[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 0 fun5 insightful - 1 fun - (0 children)